This book deals with Enterprise Risk Management (ERM) and, in particular, Quantitative Risk Management (QRM) in life insurance business.Constituting a “bridge” between traditional actuarial mathematics  and the insurance risk management processes, its purpose is to provide advanced undergraduate and graduate students in Actuarial Sciences, Finance and  Economics with the basics of ERM (in general) and QRM applied to life insurance business. Main topics dealt with are: general issues on ERM, risk management tools for life insurance and life annuities, deterministic and stochastic analysis of the behaviour of a portfolio fund, application of sensitivity testing to assess ranges of results of interest, stress testing to assess the impact of extreme scenarios, and product development process for life annuity products. weiterlesen